From a Debt Trader to an Annual Income of 40 Million: The Comeback Story of a Remarkable Trader

He was once an internet product manager, but he resolutely plunged into the ever-changing field of digital assets.

He was burdened with huge debts, repeatedly failing at the 200,000 yuan mark;

Now it is possible to achieve millions of dollars in profit with a single currency, with annual returns exceeding 40 million.

He has topped the trading platform's profit chart three times, creating legends with real trading: a 20000% return, a single coin profit of 1.4 million USD, and followers earning 1.8 million USD.

This is not just a simple story of wealth reversal, but also a true evolution history of a trader filled with hardships, profound reflections, and continuous growth.

1. From Web2 to Web3: Exploring New Opportunities

Every legendary journey often begins with unknown confusion and struggle. The story of this trader is no exception; his path in digital assets started from dissatisfaction with the status quo and a desire for a side hustle. "I used to work in internet products," he recalled. In 2020, due to work requirements, he first came into contact with this emerging field and officially started his futures trading career in 2021. At that time, he was not going all in, but rather approached it with caution and a mindset of experimentation.

"In the beginning, the principal was very small, with a monthly salary of over ten thousand, able to take out three to five thousand yuan for trading." He resembled countless young people who had just entered this circle—harboring a longing for wealth appreciation, cautiously testing the waters with part of their salary. However, reality soon dealt him a heavy blow: "The result at that time was that there were both losses and gains, but in the end, the losses were still greater."

The deeper reason is that at the age of twenty-four or twenty-five, he felt a dual bottleneck in his career and life. "Economic pressure, such as the responsibilities that a man should bear 'buying a house, buying a car, providing a better life for his girlfriend,'" these realistic considerations made him urgently need a side job to seek a breakthrough. Digital asset trading became the "lifeline" in his eyes at that time.

The turning point appeared in an unexpected place. Despite the overall losses during continuous trading and investment, he did not give up. He began to try the copy trading feature on a trading platform and operated with a copy trading ID called "all in crypto." "With the copy trading ID 'all in crypto,' I achieved a threefold return in six months with very low drawdown, and as a result, I gained my first batch of followers." This successful copy trading experience solidified his determination. "From that moment on, I quit my job to trade independently and have come this far."

2. Practice brings true knowledge: Learn from real traders

"Everyone's learning path is different. I prefer the 'wild path'," he said candidly. While most people are buried in studying various technical indicators and candlestick theories, his focus is on those traders who exist in real trading software and can continuously make profits.

His learning method is simple and straightforward yet extremely effective: "It's just about looking at the real trades of actual traders in various trading software, getting to know them, finding ways to join their fan groups, and then asking them about the logic behind their trades." He emphasizes that the ones to learn from must be those "real traders who have made significant profits and are willing to share." This almost "apprentice-style" approach to learning has allowed him to directly access the most vivid trading cases and the most authentic trading thoughts.

He admitted that what he learned from these predecessors was not a set of rigid systematic methodologies, but rather valuable practical experience and a guide to avoiding pitfalls. "In fact, what I learned from them was not a systematic methodology, but rather something that can help you avoid many detours and lose less money." This transfer of experience often strikes at the essence of trading more effectively than theoretical knowledge from books.

Losing money is the best textbook, exploring the "market sense" through repeated liquidation. "Following the map to find the horse, continuously watching the shares and real operations of real traders, asking them how each trade is done, why it can make a profit, and why it can incur losses." This was the core of his early learning. However, merely studying without practice is a false skill; true growth comes from personal experience, especially those painful losses. Thus, through gradual exploration and combining with his own continuous real trading and losses, he slowly "lost" his way to experience.

3. Breaking Through the Bottleneck: From Repeated Liquidation to Epic Comeback

Starting from a few thousand yuan to achieve hundreds of thousands or even millions, this is no small feat for many traders. However, he once found himself trapped by the so-called "capital threshold" or "psychological threshold"—he repeatedly brought his funds to around 200,000 yuan, only to lose it all without exception, which he referred to as the "200,000 curse." Breaking this curse came with an epic market capture and a heart-wrenching "wake-up" from losses.

The real turning point happened in 2024. He admitted that the wave that could make it happen was, "Honestly, it was just luck." But luck always favors those who are prepared. "Between March and June 2024, there were actually two waves of market trends, one was the AI market, and the other was the meme coin market, and I happened to catch both." Not only that, before these major market trends kicked off, he also accurately timed the "second spring" wave of inscriptions. "Basically, I capitalized on all three waves, which allowed me to break through the funding limit."

The successful capture of these three consecutive market waves was like a stroke of genius, leading to an exponential growth in his capital. More importantly, this immense success not only allowed him to pay off all his debts but also to accumulate considerable profits. From that moment on, he felt that he could finally "keep going," freeing himself from the shadows of previous repeated losses.

When losses hit hard, trading truly begins. He has deep reflections on the "200,000 curse" and repeated liquidations. He believes that the so-called capital threshold is often not a matter of trading skills, but rather a psychological issue. "It's more about the psychological aspect—it's not that you haven't learned your indicators well, or that you haven't put in enough effort watching the market, or that you don't know how to choose coins, but rather that your personality and mindset are not in place."

During the debt stage, his trading had transformed, and his mindset became increasingly "underwater". He described his past self as "not losing enough to feel the pain". Despite having lost a lot of money, many trades, and even some trades worth hundreds of thousands that he lost entirely, none of this was enough to prompt a complete change in him. "It wasn't until I lost everything, truly couldn't afford to lose anymore, that was when I really felt the 'pain of loss', and that solved all my problems." This experience of "awakening through loss" was like a wake-up call, fundamentally changing his attitude towards trading. He began to "treat every trade very cautiously, executing each one honestly."

4. Trading Secrets: Abandon Indicators, Rely on "Event-Driven"

In his early days, he learned about various trading methods pursued by others, such as the double moving average system, EMA for moving averages, naked K, Fibonacci, wave theory, Dow theory, and various turtle rules, etc. But now, apart from occasionally looking at naked K, moving averages, and trading volume, he hardly uses any of them. "Indicators can only help you get a slightly better entry point, but they do not determine whether you can ultimately make big money. So I have basically abandoned all kinds of indicators now; they may still be on the charts, but I won't use them for real technical analysis."

"Don't be too superstitious about indicators. I have stepped into various pitfalls myself, and I once thought I found a high win-rate strategy, or what you might call a 'trading holy grail', but in the end, I realized that these things are all false; only one's own understanding is true." He gave an example saying that Bollinger Bands may be useful in a volatile Bitcoin market, but they are completely ineffective in a trending market, so one should not be superstitious about indicators.

When he is dealing with small coins, low market cap altcoins, or some relatively niche mainstream coins, what he values the most is whether there are hot events driving them. Because his big profits in this round were basically made through "event-driven" strategies. For example, relying on the macro event of "Trump and Musk's feud," he shorted a certain coin and made 1 million USD, and later on, he bottomed out another coin and earned 1.3 million USD, etc. Another example is when a certain coin surged 80% over four consecutive days; he went long on that coin, increasing from over 1 million to over 5 million, with no losses in 9 trades, netting over 4 million USD. His operations do not rely on indicators but are based on market "missed sentiment" and the understanding of the "coin listing patterns" of major exchanges. However, it is worth noting that when dealing with mainstream coins, he will operate in line with market trends.

"My trading has no system, it's completely adaptable. I can trade in any market condition and I can use any kind of stop-loss method." His flexibility in trading is very high, and he is very cautious in using leverage, with the actual leverage being far lower than the nominal leverage. The 10x leverage shown on his trading orders is just surface data; the actual leverage is about 5x, and he builds his positions gradually, resulting in an effective leverage of about 4.5x. Furthermore, as his capital increases over time, his leverage actually decreases, because lower leverage allows him to be "more daring and more stable," creating a positive cycle and increasing his profits.

His first key trade was going long on a certain coin with 5x leverage in March 2024, turning $3,000 into $10,000 with this single trade. At that time, he was the first to notice unusual movements in a certain coin and predicted that another coin might follow suit, ultimately achieving a 2.7x return, with his account value increasing by over 40%. After that, he made a series of attacks in the AI and MEME markets, switching from one coin to another, then back to another, with stable winning rates and clear logic, rolling his account from $20,000 to $10 million. However, in this process, apart from that one trade with 5x leverage, he mostly used 3x, 2x, 1x, and even down to 0.8x and 0.5x leverage for his trades, ultimately achieving a remarkable comeback to a net worth of ten million.

"What truly makes funds roll is logic, strategy, and execution, not the leverage multiplier; what truly creates the gap is understanding, not the leverage multiplier." he shared.

5. Responsibilities and Transformations of Traders

"I don't cut anyone's liquidity because I open positions based on logic." He admitted that all the coins he calls out are open and transparent, without any insider trading. Even if he is a "mouse," he is a mouse out in the open. He never secretly enters the market and then calls out trades, and most of his fans can often react faster than him. Many times, as long as fans see the trades he calls out immediately, the returns could even be higher than his own, which is why he has gained a large following.

But now, his mindset has changed. "I find that some projects have started to treat me as 'liquidity for offloading'. The entire market's liquidity is too dried up now; any good event, once I publicly participate, could leave many people stuck at high positions. So now I am more cautious and don't want to be the 'front runner' anymore. I prefer to make money quietly and work on my own logic. If you are willing to believe, you can follow along; if not, that’s fine too. I will no longer actively disclose my positions because being public now is actually harmful to my fans."

The "logical thinking" mentioned above is the "secret" he talks about the most, and this way of thinking has accompanied his entire trading career. "Aside from constantly accepting new information, new events, and new policies, my way of trading has hardly changed – I still make money using my own trading logic." However, in stark contrast to him, many who are working hard to learn are still losing money. He believes that those who have not made money yet are not necessarily on the "wrong learning path"; the key is whether they have grown after suffering losses. If after losing, one is left with only "forget it," he suggests that such a person should consider leaving the market and perhaps never coming back.

The ability to easily make a lot of money is still determined by a person's overall quality.